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This paper deals with nonparametric inference for second order stochastic dominance of two random variables. If their distribution functions are unknown they have to be inferred from observed realizations. Thus, any results on stochastic dominance are influenced by sampling errors. We establish...
Persistent link: https://www.econbiz.de/10008992397
This paper shows nonparametric identification of quantile treatment effects (QTE) in the regression discontinuity design. The distributional impacts of social programs such as welfare, education, training programs and unemployment insurance are of large interest to economists. QTE are an...
Persistent link: https://www.econbiz.de/10013069679
This paper shows nonparametric identification of quantile treatment effects (QTE) in the regression discontinuity design. The distributional impacts of social programs such as welfare, education, training programs and unemployment insurance are of large interest to economists. QTE are an...
Persistent link: https://www.econbiz.de/10003975413
Persistent link: https://www.econbiz.de/10001953314
Persistent link: https://www.econbiz.de/10003772281
general semiparametric local alternatives. The asymptotic theory developed in this paper differs from existing work on … illustrate the proposed theory and methodology …
Persistent link: https://www.econbiz.de/10013084965
Extreme-value copulas arise as the possible limits of copulas of component-wise maxima of independent, identically distributed samples. The use of bivariate extreme-value copulas is greatly facilitated by their representation in terms of Pickands dependence functions. The two main families of...
Persistent link: https://www.econbiz.de/10014068637
This paper shows nonparametric identification of quantile treatment effects (QTE) in the regression discontinuity design (RDD) and proposes simple estimators. Quantile treatment effects are a very helpful tool to characterize the effects of certain interventions on the outcome distribution. The...
Persistent link: https://www.econbiz.de/10013325034
In this paper, we conduct uniform inference of two widely used versions of the Phillips curve, specifically the random-walk Phillips curve and the New-Keynesian Phillips curve (NKPC). For both specifications, we propose a potentially time-varying natural unemployment (NAIRU) to address the...
Persistent link: https://www.econbiz.de/10012988085
show that with selection on unobservables, asymptotic theory for this parameter is not standard in terms of there being …
Persistent link: https://www.econbiz.de/10013075515